Lockheed, Navy Display Systems Contracts

Friday, March 13, 2009

Lockheed Martin has received a six-year contract from the U.S. Navy to provide performance-based logistics support for the AN/UYQ-70 (Q-70) Advanced Display System. The contract provides Q-70 logistics and supply support at over $13m a year for the first two years, with options for additional support over the next four years, bringing the total potential contract value to $72m.

This contract follows a recently awarded $525.6m modification to the NAVSEA AN/UYQ-70(V) Advanced Display Systems production contract.

The contract will be managed out of Lockheed Martin's business in Eagan, Minn., and products will be delivered from the company's Virginia Beach, Va., location. If option years are exercised, the contract will continue until 2014.

Q-70 systems are widely used in U.S. Navy at sea, on land and in the air as well as in naval systems operated by Australia, Germany, Japan, Norway and Spain. Lockheed Martin develops total ship computing infrastructure designs that encompass four key elements -- open system architectures, commercial technology, planned technology refresh and cross-platform commonality. The company is the world's largest producer of open systems, Commercial Off-The-Shelf (COTS) based computing, display, and networking equipment for military applications.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7b.

(www.lockheedmartin.com)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1431 sec (7 req/sec)